Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1221 Appletree Ln Kokomo, IN 46902-5702

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1221 Appletree Ln Kokomo, IN 46902-5702

    View on Map
    • Office properties & Spaces
    • 3,888 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US31-1391961
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 1221 Appletree Ln

    Year built
    1980
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    3,888 SF
    Property type
    Office properties & Spaces
    APN
    34-10-06-452-002.000-002
    APU
    341006452002000002

    Description

    This exceptional Kokomo, Indiana office space at 1221 Appletree Lane offers a flexible layout perfect for a variety of businesses. The entire 3,990 square foot building is currently available for lease, providing a significant opportunity for a single tenant seeking ample space. Alternatively, the property is divisible, with a minimum leasable area of 1,470 square feet and a maximum contiguous space of 2,520 square feet, catering to businesses of varying sizes. This traditional office building is ideally suited for companies needing a substantial and adaptable workspace. Located in Kokomo, Indiana, with the zip code 46902, this property offers convenient access to local amenities and transportation networks. The building's layout is designed for multiple tenants, offering the potential for shared spaces or independent suites depending on the tenant's needs. The entire 3,990 square feet is currently vacant, presenting a unique chance to customize the space to perfectly match your business requirements. This is a prime opportunity to secure a well-located and versatile office space in a thriving Indiana community. Inquire today to learn more about leasing options and explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kokomo
    County
    Howard
    State
    Indiana
    Longitude
    -86.1168
    Latitude
    40.465
    CBSA code
    29020
    CBSA name
    KOKOMO, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,464
    $45,100
    $103,700
    $148,800
    -
    $45,100
    $103,700
    $148,800

    Comparable in this City

    • Value Estimation by Request
      5,390 SF

      2725 Lafountain St

      OFFICE (GENERAL) • 5,390 SF
      2725 Lafountain St, Kokomo, IN 46902-3705
      View Details
    • Value Estimation
      $5,630,000
      75,398 SF

      5500 Wea Dr

      OFFICE (GENERAL) • 75,398 SF
      5500 Wea Dr, Kokomo, IN 46902-5473
      View Details
    • Value Estimation
      $1,045,000
      10,296 SF

      3060 Dixon Rd

      OFFICE (GENERAL) • 10,296 SF
      3060 Dixon Rd, Kokomo, IN 46902-6407
      View Details
    • Value Estimation
      $1,040,000
      10,176 SF

      353 Alto Rd

      OFFICE (GENERAL) • 10,176 SF
      353 Alto Rd, Kokomo, IN 46902-3606
      View Details
    • Value Estimation
      $860,000
      8,327 SF

      1800 Plate St

      OFFICE (GENERAL) • 8,327 SF
      1800 Plate St, Kokomo, IN 46902-5730
      View Details
    • Value Estimation by Request
      8,400 SF

      1830 Plate St

      OFFICE (GENERAL) • 8,400 SF
      1830 Plate St, Kokomo, IN 46902-5730
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Kokomo Retail or Office Space

      3,046 SF retail or office space in Kokomo, Indiana.
      1400 E Hoffer St, Kokomo, IN 46902
      View Details
    • $839,900
      5,000 SF

      Kokomo Showroom, Office, Storage Property

      Showroom, office space, and storage units on 10 acres.
      394 S 00 Ew Rd, Kokomo, IN 46902
      View Details
    • Contact for pricing

      Kokomo Retail or Office Space

      3,046 SF retail or office space with flexible layout.
      1400 E Hoffer St, Kokomo, IN 46902
      View Details
    • Contact for pricing
      2,898 SF

      Office Building Near Golf Course

      2,898 sq ft office building with parking.
      431 E Lincoln Rd, Kokomo, IN 46902
      View Details
    • $215,000
      0.44 Acres

      Kokomo Office Building For Sale

      Well-maintained office building with open floorplan and expansion potential.
      2020 E Boulevard St, Kokomo, IN 46902
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      17,640 SF

      Kokomo Office Space for Lease

      Creative office space, 4,420 sq ft available
      3800 Reed Rd, Kokomo, IN 46902
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      1926 S Dixon Rd, Kokomo, IN 46902
      View Details
    • Contact for pricing

      Kokomo Retail/Office Space Available

      Medical, office, or retail spaces for lease in Kokomo, Indiana.
      3800 S Reed Rd, Kokomo, IN 46902
      View Details
    • Contact for pricing
      3,095 SF

      Medical Office Space For Rent

      Professionally managed medical office park with convenient parking.
      2312 S Dixon Rd, Kokomo, IN 46902
      View Details
    • $3,950 /Mo

      Professional Office Space Available

      Well-maintained office building suitable for medical or professional use.
      3804 Southland Ave, Kokomo, IN 46902
      View Details
    • Contact for pricing
      3,265 SF

      Kokomo Office Space Available

      Versatile office suites for rent near national retailers.
      1940 South Elizabeth St, Kokomo, IN 46902
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1221 Appletree Ln
    Kokomo, IN 46902-5702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!